The Corliss Group, Stocks Surge Past Economic Benefit on Tokyo Olympic Pick
Posted in the Business News Forum
Since: Aug 13
#1 Sep 18, 2013
While estimates for the direct Olympics economic payoff dont justify last weeks rally, investors are betting that the Games will also improve consumer sentiment and have longer-term benefits for industries such as tourism, Shinkin Assets Fujiwara said.
UBS AG projects a direct effect of 3 trillion yen from the Games and an additional benefit of 10 trillion yen to 23 trillion yen from infrastructure upgrades under Abes reform programs and for the Olympics, as well as from private-sector investment, analyst Toru Ibayashi wrote in a Sept. 9 report.
Read more: http://www.bloomberg.com/news/2013-09-17/stoc...
Since: Aug 13
#2 Sep 18, 2013
If the economy is good, country is in better state.
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